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Embrace Change Acquisition Corp. (NASDAQ:EMCGU, (NASDAQ:EMCG), NASDAQ:EMCGW, NASDAQ:EMCGR), currently trading at $12.80 with a market capitalization of $54.47 million, announced Monday that it received notice from the Nasdaq Stock Market indicating its securities will be delisted. According to InvestingPro data, the stock has experienced significant volatility recently, with the price taking a notable hit over the past week. The notice, dated August 14, 2025, was issued after the company failed to complete its initial business combination by August 9, 2025, as required under Nasdaq’s IM-5101-2 rule.
Trading of Embrace Change Acquisition Corp.’s ordinary shares, warrants, rights, and units will be suspended at the opening of business on Thursday. Nasdaq will file Form 25-NSE with the Securities and Exchange Commission to formally remove the company’s securities from listing and registration on the exchange.
Following the suspension, the company stated that it expects its securities to be quoted on the Pink Open Market operated by the OTC Markets Group. InvestingPro data indicates the company’s current ratio of 0.02 reflects significant liquidity concerns, with short-term obligations exceeding liquid assets - a crucial consideration for investors tracking the stock’s transition to OTC markets. The expected trading symbols are “EMCG” for ordinary shares, “EMCGW” for warrants, “EMCGR” for rights, and “EMCGU” for units. The company noted that there is no guarantee a broker will continue to make a market in its securities or that trading will continue on the OTC Market or elsewhere.
Embrace Change Acquisition Corp. also stated its intention to continue seeking an initial business combination and to pursue listing of the post-combination company’s securities on Nasdaq. The company cautioned that there can be no assurance that either the business combination or a future listing on Nasdaq will occur.
This information is based on a press release statement contained in the company’s filing with the Securities and Exchange Commission.
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